Layoff and hiring freezes are cascading across tech, after a record boom lulled many employers and employees into a false sense of security
is taking the extreme step of locking its offices and suspending employees' badge access, as new CEO Elon Musk begins mass layoffs expected to cut deep into the platform's 7,500 employees.
In an ominous email to staff, Twitter said cuts will begin at noon ET: "In an effort to place Twitter on a healthy path, we will go through the difficult process of reducing our global workforce on Friday."
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